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Brazil

Petrobras Fast-Tracks Oil Exploration to Secure Brazil’s Energy Security

Petrobras is accelerating its oil exploration and production efforts to secure Brazil's energy reserves, according to new president Magda Chambriard. Chambriard, in her first press...

Ibovespa’s Small Gain Ends Six-Day Losing Streak

The Ibovespa, Brazil's main stock index, saw a slight increase on Monday, a gain that ended a streak of six consecutive losses. The index rose 0.15%, reaching 124,495.68 points, an increase of just 190 points....

Brazil Emerges as Top Market for Chinese Electric Vehicles

Brazil recently outpaced Belgium, becoming the premier market for Chinese electric and hybrid vehicles. This change is part of a larger shift, with Chinese automakers...

Stalled Tracks: Brazil’s Battle to Rejuvenate a Third of Its Railways

Brazil faces a challenge in transportation with over 10,000 kilometers of unused railway tracks,...

Global Tensions and Economic Policies Propel Gold to Record...

Amid rising geopolitical tensions and economic shifts, gold prices have reached unprecedented heights, recently surpassing $2,400 per troy ounce. Projections...

Weekly Economic Events: Inflation in Brazil and Mexico; Unemployment in Brazil

Next week, Brazil will release May 2024 inflation figures and Mexico's Central Bank will publish its Quarterly Inflation Report. Market experts highlight these reports' influence...

Brazil: The Oil Exporting Giant That Needs to Import Fuel

(Background) In 2006, Petrobras announced Brazil's oil self-sufficiency, noting that the country produced as much oil as it consumed. Since...

Over 130 Commercial Flights in Rio Grande do Sul Relocate to Canoas Air Base

Starting Monday, May 27, 2024, Canoas Air Base will serve as the new hub for commercial flights in Rio...

Brazil’s Corruption Crackdown Crumbles: The New Legal Landscape

(Analysis) Brazil's judicial system is currently undergoing a significant and dramatic transformation process. Operation Car...

Gol Surges Nearly 12% and Azul Jumps 5% After Partnership Reignites Merger Speculation

On Friday, the Brazilian stock market witnessed a significant surge in the shares of two...

Dasa and Amil in Talks: A Potential Healthcare Powerhouse

In Brazil, Dasa's shares climbed 3.93% to R$3.93 ($0.76) on Friday, following a 13.69% spike the previous day. This boost...